Legal, Governance, Risk And Compliance Auditor at Hollywoodbets

Job Description

• Hollywoodbets has an exciting opportunity available for a Legal, Governance, Risk and Compliance Auditor to be based at Umhlanga, Durban. The Legal, Governance, Risk and Compliance Auditor will be responsible for and assisting in, reviewing, reporting and performance of audit assignments, internal control frameworks and risk assessments, including tests of controls and/or tests of detail including (but not limited to): financial audits, IT audits, internal controls, operational performance, compliance with applicable laws and regulations, accreditation standards, contracts, compliance with company policies and procedures, and fraud investigations. Adheres to all corporate policies and procedures as well as professional ethical standards. Complies with the Risk Management Framework.

Minimum requirements:

•  Degree majoring in Law/Audit
•  Computer literate
•  3 -4 Years Legal/Audit experience

Advantageous:

 2 – 3 years administrative experience within audits/law experience

Responsibilities:

Auditing

•  Review completed Internal Control Frameworks to ensure high quality, accurate and efficient audits.
•  Complete risk assessment and rating of risk.
•  Review documented outcomes from test of controls and relevant findings.
•  Assess the effectiveness of controls and rate the residual risk accordingly.
•  Identify gaps in process and related controls.
•  Formulate recommendations, improvement areas were necessary.
•  Address review queries timeously and accurately.
•  Complete audit tasks and projects as allocated by the Managers within the set timeframes and deadlines.
•  Apply sampling on the methodology and consult with the Manager when necessary/in doubt.
•  Extrapolate errors identified in testing against the population as and when needed.
•  Take ownership and accountability for allocated internal audits.
•  Thoroughly and timely reviews findings and other investigative leads that potentially identify suspicious activity.
•  Ensure that auditable transactions, processes, activities, and control systems are compliant with legislation, business policies, and procedures.
•  Collaborate with team members across multiple divisions and departments.
•  Submit a daily report detailing aspect of work completed and progress of the Junior/Senior Internal Auditor.
•  Prepare related internal audit reporting for the audit area or related audit project.
•  Address Internal Audit Manager queries on the internal audit report timeously.
•  Attends to adhoc tasks and projects as allocated from time to time by the Manager.

Reviewing and Reporting

•  Review the Internal Control Frameworks, audit findings and audit work of the Junior/Senior Internal Auditor.
•  Prepare related reporting for the audit area or related audit project.
•  Address Group Internal Audit Manager queries on the report timeously.
•  Identify gaps or opportunities for improvement with audit policies, procedures, and processes.
•  Develop risk mitigation strategies including applicable internal controls.
•  Thoroughly and timely reviews reports and other investigative leads that potentially identify suspicious activity.
•  Lead teams to monitor, investigate and advise concerned parties by establishing clear accountabilities, roles, and responsibilities to manage the internal audit process.
•  Investigate any possible fraud and conclude accordingly.
•  Remain up to date with procedure updates and related laws, regulations related to the overall group.
•  Assist with operational procedure enhancement across the business processes.
•  Execution of effective sampling methods and extrapolation of findings.

Legal

•  Provide legal opinions for audit related matters.
•  Assist with drafting, reviewing and maintaining policies and procedures.
•  Coordinate the revision and updates of policies.
•  Ensure that all processes, activities related to legislations are executed and compiled with.
•  Maintain a record of the status of all policies.

People

•  Comforting of new team members.
•  Promotion of a healthy and fair work environment.
•  Adhere to the principles of an ethical, honest, transparent, fair work environment.
•  Performance must be tracked by yourself, and the onus is placed on you to set-up performance review meetings with manager.
•  Communicate in a professional manner.

Compliance, risk, and quality

•  Creating, maintaining, and enforcing company policies and procedures.
•  Compliance with Risk Management Framework.
•  Compliance with relevant laws, regulations, and affiliated professional standards.
•  Ensure logical saving of all work, templates, etc. monthly and yearly such that each year’s financial records can stand on its own when enquiries/ investigations/audits take place.
•  Produce high quality, neat, logical, succinct, easy to follow, easy to understand, formula linked work/templates/workbooks/financial models/recons/audits - of which is substantiated by facts with no numbers in the formulas.
•  Ensure the above (final version) and other documents are chronologically saved/backed up.
•  Summarize the detailed daily findings on the designated software or relevant workbook and submit a daily report to the Senior and Group Internal Audit Manager.
•  Effectively deal with internal, external, SARS, BEE, and any other auditor/regulatory/oversight body in the normal course of business.
•  Report suspicious behavior and fraud findings immediately.
•  Promote declaration of all gifts.
•  Promote non acceptance of kickbacks. Instances to be reported immediately.
•  Promote declaration all conflicts of interest upfront.
•  Promote a culture of confidentiality within the business with regards to the protection of personal information.
•  Promote the Code of Ethics (Integrity, Objectivity, Confidentiality and Competence).
•  Ensure all personal information of employees, customers and suppliers and other stakeholders is not shared and is maintained in a secure environment.
•  Stay updated with changes in the relevant industry and changes to relevant Acts/Regulations.

Growth and new markets/products

•  Source new products/innovations/robotics/artificial intelligence/predictive analysis/predictive analytics.
•  Development of existing products/software.
•  Ensure that measures are put in place and steps are taken to achieve short term, medium-term, long-term goals of the broader group.
•  Assist with company projects or lead company projects as allocated from time to time.

Skills:

•  Analytical mindset and possess leadership qualities.
•  Good communication and people management skills.
•  Able to manage multiple engagements and deadlines.
•  Strong drive to excel professionally and ability to guide and motivate team members.
•  Strong written and verbal command of English.
•  Establish, maintain and strengthen internal and external relationships.
•  Works under limited supervision with moderate latitude for initiative and independent judgment under the direction of more experienced internal auditor